Regents to issue $7.7M in stimulus funds for deferred maintenance - Boston Business Journal:

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The money is part of $7.7 milliomn in higher education federal stimulus fundinv made available through the for fiscalyear 2009. the total addresses about 1 perceng ofthe $825 million backlog the regents’ universities face in deferredf maintenance projects. • — $466,033 for a fume hood and ventilation replacemenft in itsscience hall. • — $584,856 for roof repairsa and replacement. • — $2,307,016 for campus utilitgy and PowerPlant improvements.
• — $569,424 for heatinfg ventilation and air conditioning replacements and electrical and firecode • The — $2,073,228 for campus fire code roof repair and replacement, electrica service improvements American’s with Disabilities Act improvements and infrastructure • The — $868,024 for infrastructurew improvements, campus elevator repairs, and roof repair and replacement. The board will distributes additional fundsto , the 19 community colleges and six technical collegesd it governs during its June A recent study by the found that everyu $1 million spent on universityt deferred maintenance projects generate an economic impact of $2.
2 milliomn in increased economic output of goods and services, $644,50p0 in increased state earnings and createsd 19 new Kansas jobs. In Kansas lawmakers approved a five-year maintenanc e funding plan, which was to provide $90 milliobn in direct state funds andapproximately $44 milliobn in retained interest earnings to the six statde universities. In addition, the legislation provided state-fundec tax credits intended to generate upto $158 million in privatd contributions to the state universities, Washburn University, and the community and technical colleges. If full y funded, the five-year plan would have addressed about 31 percent ofthe $825 millionn maintenance backlog.
But funding has been scarces since. This year, the Legislaturr reduced the state appropriationby $1.3 milliom and additional reductions are necessaru to offset reduced interest earnings. Since the five-year plan was 91 projects havebeen approved. Of that, 37 have been startesd and 10 of which have been The regents in January issued an updatedc report that showed the maintenancse backlog had balloonedto $825 million. The backlov on each campus is as follows: K-State — $290.6 million. KU — $226 million.